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Tag: TVL

DeFi on Avalanche: How to get started yield farming

Get started farming on Avalanche and enjoy Ethereum dapps without the high feesIf you missed the golden days of high yield and low fees on Ethereum, then Avalanche has you covered. It is cementing itself as the DeFi hub for low-cost, high-yield farming.After a year of operation, the Ethereum competitor now hosts a whopping $10 billion of assets (TVL), making it the fourth largest economy in cryptocurrency.Despite the success, you can still easily find APRs in excess of 100% on leading asset pairs, with fees less than a dollar.This growth has been fuelled by…

Flurry Finance deploys on Polygon after hitting $3 million TVL in just a month of launch

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Flurry Finance, a DeFi protocol that offers efficient cross-chain yield farming to the DeFi community, is all set to deploy its utility token RHO and its governance token FLURRY on the Polygon network on 1st December 2021.The FLURRY ecosystem keeps growing with new partnerships and a newly announced reward campaign.Since announcing its partnership with Polygon in August to optimize yield farming, Flurry Finance has achieved a number of key milestones including:Mainnet launched on the Ethereum (ETH) and Binance Smart Chain (BSC) networks
Product launched on BSC…

Three DeFi 2.0 projects that might take off in 2022

It’s hard to believe that decentralised finance – now central to the world of blockchain – only emerged two years ago.At the beginning of 2019, the TVL of lending platforms (mainly MakerDAO) was $270 million. This momentum continued in 2020 as well, to the point where Compound launched its governance token, COMP which kicked off the craze and initiated the first call for liquidity mining.By November 2021, the TVL of DeFi jumped 990x, reaching $269 billion. Some of the most significant projects that emerged are:CurveAaveCompoundMakerDAOSushiswapYearn FinanceAs new projects launched…

Ethereum Layer 2 TVL Surges 13% To New All-Time High

Although Ethereum is no longer the only smart contract playing in the space, it has maintained dominance on the market. This has led to an increase in adoption in the Ethereum blockchain, with the majority of developers choosing to deploy their decentralized applications (DApps) on the blockchain to gain the most exposure. As such, DeFi has boomed on the blockchain.
DeFi on the Ethereum ecosystem has not shown any signs of slowing down soon. The industry that has been booming for about a year now has continued its hot streak into the last lap of 2021. On top of…

How DeFi is Levelling up The Playing Field For Gaming and Betting

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.Image source: DepositPhotosThe DeFi industry is growing at warp speed. According to DeFi Pulse, the arena now enjoys over $111.51B in TVL total value locked in. This number is growing exponentially, up from $93 billion just a month earlier, which represents a staggering 25% growth. The top three protocols leading this growth include Maker, Curve, and Aave, accounting for over 19%, 17%,…

800% Rally for One Ethereum-Based DeFi Altcoin Likely, According to Top Crypto Analyst

A closely followed crypto analyst says that an enormous near-10X rally for one altcoin is more likely than not.
The pseudonymous analyst known as Credible Crypto tells his 267,000 Twitter followers that CRV, the governance token of decentralized finance (DeFi) platform Curve, is destined to reach $40, roughly an 811% gain from current prices.

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The analyst points out that Curve has more total value locked (TVL) in its platform than any other DeFi protocol in the industry with the overwhelming majority of its supply locked up for long periods of time.
“A 10x on CRV from…

Elrond joins the DeFi league, but might it be another trend event

The DeFi space has been expanding of late, with the sector continuing to draw in more networks, assets, and investors. The latest participant in the same is Elrond. In just 24 hours, the network managed to perform extraordinarily on all fronts.
The only concern that remains, however, is this – Is this a hype effect or will the growth remain organic?
Elrond in DeFi
The network launched its Maiar DEX recently as it stepped into the DeFi space. In doing so, it amassed $200 million in total value locked (TVL) in just one day, as per developers. Worth noting, however, that the DeFi stats…

Assessing why Bitcoin could be key to SUSHI’s recovery

SushiSwap’s token SUSHI has been in a bit of a rut for some time now, but the issues in its price action are not limited to the spot market. Its performance in the DeFi market too has been rather lackluster. Even so, SUSHI happens to be very dependent on Bitcoin and it seems like only the king coin can save it now.
SUSHI rolled
While there are many other DeFi protocols that are faring well and recovering, SushiSwap continues to decline in terms of TVL and volumes. Down from $7 billion to $5.4 billion, the protocol, at press time, had already lost 22% of its TVL in 10 days.
SushiSwap…

The ‘right time’ for Fantom’s next rally is just round the corner

Shattering records has sort of become routine for Fantom at this point. As highlighted recently, this alt has appreciated by more than 7000% since the beginning of this year. Unlike the astronomical surges of other coins, FTM’s surge has largely been organic and supported by fundamentals.
The TVL locked on this DeFi platform has grown the most since September when compared to the likes of Avalanche, Solana, Tron, Ethereum or Polygon.
FTM’s price did react positively initially, rallied to a fair extent, but ended up slowing down on 9 November. In fact, it has been depreciating in value…

Everything you need to know about Binance Smart Chain’s upcoming Bruno Upgrade 

Binance Smart Chain has pinned the date for its next hard fork upgrade scheduled for block 13,082,000. It is estimated to occur on 30 November at 08:00 AM UTC, as per a note on the website.
With that, it is worth noting that BSC has been doing well on the DeFi front. At press time, Binance Smart Chain has a TVL of $18.16 billion, with 161 protocols. That is second only to DeFi king Ethereum.
Source: Defillama
What will change with the upgrade?
Binance noted,
“v1.1.5 upgrade is a hard fork release that introduces the real-time burning mechanism into the economic model of BSC…”
It is…

11 Defi Terms to Know Before You Buy Your First Crypto

Decentralized Finance (Defi) is an online banking ecosystem that eliminates intermediaries such as banks, investment managers and organizations. Using blockchain technology, Automated Market Makers (AMMs) and smart contracts, Defi has proved to be the cornerstone of 21st-century technology. Users from around the world can save, invest, borrow, lend- all while bypassing the friction caused by financial institutions and regulation. According to DefiPulse, the total value locked in (TVL) of Defi is $113 billion (15th November 2021)Defi NinjaDeFi Ninja works with cutting-edge blockchain…

MakerDAO’s Rune Christensen Joins VC Firm Dragonfly Capital

MakerDao founder Rune Christenen has joined crypto investment firm Dragonfly Capital as a venture partner, Dragonfly announced in a post on Medium on Monday.MakerDAO was one of the first decentralized autonomous organizations (DAOs) on the Ethereum blockchain. It ranks second among DeFi projects in total value locked (TVL), with $19.3 billion tied up in its smart contracts, according to data site DeFi Llama. DAI, the project’s U.S. dollar-pegged stablecoin, ranks fourth among such tokens, with an $8.5 billion market capitalization, according to CoinGecko.Dragonfly Capital launched in…

ADA Finance Builds The First DeFi Ecosystem On Cardano With Affiliate Incentives

The decentralized finance (DeFi) community has long awaited the arrival of heavy duty DeFi protocols on Cardano. With the Alonzo hard fork, Cardano is making progress to release smart contract deployment on its blockchain, and the stage has been set for revolutionary new financial services to build on the network.
Over its short history, DeFi has expanded into a behemoth community with a total value locked (TVL) that stands at around $275 billion today. However impressive these numbers may seem, the total AUM of traditional finance (TradFi) still looms large over DeFi, and for many this…

While the Value Locked in Defi Soars, Dozens of Dapps Leverage Cross-Chain Support – Defi Bitcoin…

Decentralized finance (defi) protocols continue to shine as the total value locked in defi is over $260 billion. While Ethereum started the defi trend and holds the lion’s share of TVL in defi, a great number of decentralized applications (dapps) are supporting a slew of alternative blockchains.
Today’s Most Popular Dapps Support More Than One Network
On November 7, the total value locked in defi is $260 billion according to defillama statistics on Sunday. When defi first started making waves, most of the dapps that people interacted with leveraged the Ethereum (ETH) blockchain….

Total Value Locked in Defi Reaches $250 Billion — Uniswap, Quickswap, Trader Joe Dominate Dex Volumes – Defi Bitcoin News

During the second week of October, the total value locked (TVL) in decentralized finance (defi) protocols crossed $200 billion, and two weeks later in November, the TVL in defi surpassed $250 billion gaining 25% in value. Meanwhile, Ethereum commands more than 67% of the $253 billion TVL in defi today, gaining 4.65% during the last seven days while Solana’s TVL increased by 5.99% this past week.
Defi TVL Increases by 25% in 2 Weeks
The total value locked (TVL) in defi has reached an…

Total Value Locked Across Multiple Defi Chains Nears $200 Billion — Ethereum’s TVL Dominance 69% – Defi Bitcoin News

While the crypto economy has seen a decent uptick in performance during the first week of October, a number of decentralized finance (defi) tokens have seen tremendous gains. Furthermore, the total value locked in defi has risen to $195 billion, jumping more than 14% over the last two weeks from $171 billion.
Defi Tokens Skyrocket, Total Value Locked in Dapps Grows to $195 Billion, Axie Infinity, Shiba Inu See Top Gains
Digital currency markets of all sorts are seeing some gains this week…

DeFi picks up the pace as alternate blockchains and NFTs boom

As September ended, the cryptocurrency markets recovered from the so-called “September curse” handsomely to hit a market capitalization of $2.32 trillion. The decentralized finance (DeFi) market has been an integral part of this growth. The total value locked (TVL) in DeFi protocols grew more than 20%, from $113.5 billion on Sept. 28 to hit $137 billion on Oct. 6, as per data from Dappradar.Even the Bank of America (BoA) — a global banking giant — has revealed its bullish outlook on…

Total Value Locked in Defi Surpasses $200 Billion — Fantom, Avalanche, Harmony, Arbitrum TVLs Swell – Defi Bitcoin News

Decentralized finance (defi) has swelled quite a bit this year and on October 5, the total value locked (TVL) in defi protocols crossed the $200 billion mark. Since January 1, the defi TVL across various blockchains has risen almost 855% from $21.4 billion to today’s $204 billion.
Total Value Locked in Defi Jumps Over the $200 Billion Handle, Ethereum TVL Commands 69% Dominance
The total value locked (TVL) in defi today has jumped nearly ten times higher than the value at the beginning…

Is Aave destined to stay the top DeFi lending platform?

According to Footprint, the number of platforms in the DeFi lending category grew by 263% to 69 since December 2020, setting a record TVL of $48.44 billion, accounting for 21.04% of all DeFi platforms and networks’ entire TVL.TVL of Different Categories (Data source: Footprint Analytics)The most important lending platforms to have emerged are Aave, MakerDAO and Compound—they dominate the category in terms of TVL. However, while Compound used to be the strong favorite, the May 19th…

Following Bitcoin’s all-time high, DeFi TVL hits a record high above $233B

Bullish sentiment is running high across the cryptocurrency market on Oct. 20 as Bitcoin’s (BTC) surge to a new all-time high at $67,000 thrust the digital asset into uncharted territory, with investors closely watching to see how altcoins and decentralized finance (DeFi) tokens react to the move.Crypto Fear & Greed Index. Source: Alternative.meThe DeFi sector has also benefited from BTC’s bullish breakout, and today, the total value locked (TVL) across all DeFi protocols climbed to a…

A Slew of Defi Tokens Outperform Bitcoin’s Weekly Gains, Defi TVL and NFT Sales Spike – Defi Bitcoin News

October has been a strong month for cryptocurrencies like bitcoin but a number of decentralized finance (defi) tokens have seen higher double-digit gains this past week. Moreover, non-fungible token (NFT) sales have picked up and after the total-value locked (TVL) in defi crossed $200 billion on October 5, two weeks later another $22 billion has been added to the TVL.
Defi Network Tokens Polkadot, Polygon, Binance Coin, Stacks Outperform Bitcoin’s Weekly Gains
Bitcoin (BTC) has been…

Non-Custodial Dex Platforms Continue To Expand — Curve, Pancakeswap, Sushiswap, Uniswap Lead The Pack – Defi Bitcoin News

Five years ago, there was a large quantity of digital currencies and blockchains, but there were very few trading platforms that dealt with decentralized exchange. Since the boom of decentralized finance (defi), there’s now a myriad of decentralized exchange (dex) platforms that allow people to swap funds in a private, non-custodial manner. These days the biggest dex applications are catering to a variety of blockchain networks via cross-chain technology. Curve’s TVL Nears $20 Billion,…

Total Value Locked in Cross-Chain Defi Bridges Exceeds $22 Billion, Jumping 48% in 30 Days – Defi Bitcoin News

On October 29, the total value locked (TVL) in decentralized finance (defi) protocols is around $243 billion with Curve capturing 7.76% of the dominance. Meanwhile, as ethereum has the largest dominance of TVL in defi, a number of alternative blockchains are seeing significant increases every week. Moreover, the TVL in cross-chain bridge technology has reached $22.48 billion, up 48.8% over the last month.
Defi Total Value Locked Hovers Above $240 Billion — Avalanche, Fantom, Polygon,…

5 Blockchains Noting DeFi TVL Increases Of Over 20% Last Month – CryptoMode

Total Value locked, or TVL, is one of the crucial DeFi metrics to measure the success of individual projects and blockchains. While no network will rival Ethereum on that front, other chains are making big power plays. That growth occurs primarily due to cross-chain exploration and new native solutions coming to market.
Fantom (+319%)
One of the most prominent blockchains of DeFi today is Fantom. More specifically, its TVL has risen by 319% in 30 days, bringing the total to $5.7 billion….